CIMA Certification: Helping Advisors Gain More Confidence, Competence and Compensation
CIMA professionals are more satisfied with their careers, earn better compensation, and manage more assets for higher-net-worth clients than other advisors, according to two different research studies conducted [Aite Group (2017) and Cerulli Associates (2020)]. In addition to higher compensation – 33 percent of CIMA advisors report earning $380,000 annually or more – and greater career satisfaction, CIMA professionals:
Read the reports:
- Advise More Profitable Clients: Both solo and team practices with CIMA professionals manage twice the assets per client and generate twice the revenue per client compared to other practices.
- Capture Additional Assets. Seventy percent of practices with a CIMA professional attract 75 percent or more of their clients’ investment assets.
- Advise More Affluent Clients. Fifty-two percent of practices with more than one CIMA professional advise high-net-worth ($1 million to $9.99 million) and ultra-high-net-worth ($10 million or more) clients.
- Are Part of an Experienced Group. Eighty-four percent of CIMA professionals have 10 or more years of experience as financial advisors.
- Possess Important Institutional Expertise: Having more than one CIMA professional in a practice tends to open up the business to institutional clients (foundations, endowments and 401(k)s); Multi-CIMA certificants practices focus about 13 percent of their business on institutional clients
- Have Ownership in their Practice: Eighty-four percent of CIMA professionals are practice owners or team leaders compared to 57 percent of other financial advisors.
Value Of CIMA® and CPWA® Certifications — The financial advisory profession has grown dramatically in the last several decades. Today’s investors have more choices than ever before, not only in how they invest but also in advisor services. Today, advisors must differentiate themselves, provide meaningful support to clients and remain relevant by undertaking ongoing academic training and earning advanced credentials. This 2020 research study finds that the Certified Investment Management Analyst® (CIMA® ) and Certified Private Wealth Advisor® (CPWA® ) provide high value for advisors.
The Value of CIMA Certification to an Advisor's Practice–Examines how the Certified Investment Management Analyst® (CIMA®) certification correlates with practice success and career satisfaction for advisors. Conducted by the Aite Group, the 2017 study gathered input from 436 advisors, including 104 with a CIMA certification.
Watch this video to learn more about the value of CIMA certification:
Overview of CIMA On-Demand Webinar